€20 Million Boost for New Entrepreneurs: Focusing on Youth and Women
The New Entrepreneurship Support Scheme in Cyprus, with a budget of €20 million, aims to empower youth and women to establish new businesses, offering financial support up to 70% for individuals aged 1829 and 60% for men aged 3050 and women aged 3055, targeting various sectors like processing, services, and tourism. Eligible applicants must not have engaged in entrepreneurial activities for the past six months, ensuring a focus on new ventures, with a maximum budget of €120,000 per enterprise to offset startup costs for potential business owners in Cyprus.